I've held BAL during the time they were one of the most heavily shorted stock also. Couldn't figure out why and then the skeletons started to come out of the closet. Only then did I understand. From then on, whenever a company has such a large short position, I stay away. I'm still interested in ORE, fundamentally lithium is a good story, but a lot of people, with money to throw at research and with better contacts than I think ORE is a sell, I will follow their lead.
I held ORE from 1.50, sold at 4 and will re-enter once all cards are on the table.
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